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mash [69]
3 years ago
11

Department S had no work in process at the beginning of the period. It added 13,600 units of direct materials during the period

at a cost of $95,200; 10,200 units were completed during the period; and 3,400 units were 20% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. Direct labor was $56,500 and factory overhead was $8,600. The total cost of units completed during the period was _____________.
Business
1 answer:
lora16 [44]3 years ago
4 0

Answer:

Cost of units completed = $176,528

Workings are attached:

Explanation:

Equivalent unit of production

An equivalent unit of production is an expression of the amount of work done by a manufacturer on units of output that are partially completed at the end of an accounting period. Basically the fully completed units and the partially completed units are expressed in terms of fully completed units.

Equivalent units are used in the production cost reports for the producing departments of manufacturers using a process costing system. Cost accounting textbooks are likely to present the cost calculations per equivalent unit of production under two cost flow assumptions: weighted-average and FIFO.

Conversion costs

Conversion costs is a term used in cost accounting that represents the combination of direct labor costs and manufacturing overhead costs. In other words, conversion costs are a manufacturer's product or production costs other than the cost of a product's direct materials.

Expressed another way, conversion costs are the manufacturing or production costs necessary to convert raw materials into products.

The term conversion costs often appears in the calculation of the <u>cost of an</u> <u>equivalent unit in a process costing system.</u>

For the sake of this question, we will be determining the <u>equivalent units of production:</u>

  • Units completed and transferred subject to material and conversion costs
  • Units in the closing inventory subject to material and conversion costs
  • We will then calculate the cost per units with respect to material and conversion costs for the equivalent units.
  • These cost per units will enable us to determine the cost of items completed.
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Label the statements as increasing GDP in either Canada or the United States.
Sidana [21]

Answer:

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Increasing American GDP:

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-Starbucks, a U.S. company, opens stores in New York state.

-Tim Horton's, a Canadian company, opens coffee shops in New England.

Explanation:

Gross domestic product (GDP) is the sum of all final goods and services produced in an economic space for a certain period, usually one year, excluding the intermediate consumption used in production. Until the 1980's, the use of Gross National Product (GNP) was preferred, a measure almost identical to GDP but incorporating goods and services produced by external factors. The variation in this macroeconomic magnitude is often used to measure economic growth.

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trapecia [35]

Answer:

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Explanation:

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3 years ago
Identify the major transportation improvements in this period, and explain how they influenced the market economy.
kramer
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koban [17]

Answer:

Option (B) is correct.

Explanation:

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3 years ago
One year after graduating from college, sam earned $42,000. each year, he earned $4000 more. what function, written in sequence
Shalnov [3]
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The answer would be:
an=4,000n+38,000

Hope this helps!
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